HDFC Bank (NYSE:HDB - Get Free Report) is expected to be announcing its earnings results before the market opens on Tuesday, January 21st. Analysts expect the company to announce earnings of $0.74 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.
HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.09. The company had revenue of $9.21 billion during the quarter, compared to analyst estimates of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. On average, analysts expect HDFC Bank to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
HDFC Bank Price Performance
Shares of NYSE HDB traded down $0.25 during midday trading on Friday, reaching $58.39. 1,797,510 shares of the stock traded hands, compared to its average volume of 2,000,910. The company's 50 day moving average is $64.02 and its 200 day moving average is $62.54. HDFC Bank has a one year low of $52.16 and a one year high of $68.50. The stock has a market capitalization of $147.87 billion, a PE ratio of 17.75, a P/E/G ratio of 1.67 and a beta of 0.92. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of HDFC Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th.
Check Out Our Latest Report on HDB
HDFC Bank Company Profile
(
Get Free Report)
HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.
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